#3 Tsai Wan-tsai

Deceased

2014 Taiwan's 50 Richest NET WORTH

$7.9B

as of 6/25/14

Tsai Wan-Tsai passed away in October 2014 at age 86. His family has long been a powerful force in Taiwan's financial industry. Fubon Financial Holdings, which he founded, is led by his sons Daniel and Richard. In 2014 Fubon completed the roughly $900 million acquisition of First Sino Bank in mainland China. The Tsais are also investors in Taiwan Mobile, a mobile phone service provider, and Fubon Multimedia Technology, a TV shopping business. Tsai Wan-Tsai's nephew, Tsai Hong-Tu, chairs Cathay Financial Holdings.

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